[3-Unit / TriPlex] 3028 Huxley St Sheraden, 15204 For Sale

  • $43,000
  • 5 beds
  • 3 baths
  • 2,236 sqft

got a massive return waiting for ya in Sheraden; tenants made this 3-unit on a lovely near-ΒΌ-acre lot w/parking a mess, but it was WORSE pre-photos believe it or not! πŸ‘πŸ‘


Zoned TRX. All utilities separate minus water.

3 units – each floor is a unit:

  • L1: 1/1
  • L2: 3/1
  • L3: 1/1 / eff.

2 dedicated parking spaces + plenty more on the street
separate entrance for 1st floor & 2nd/3rd floor
basement access for all tenants from the outside

See easiest comp ever right next door for $218k (duplex): 3031 Huxley Street

  • CAP: a good 20%+
  • ARV: a good $200k+
  • Repair cost est.: $55k (R-R/hold); $92k (flip)

 

My perhaps favorite option would be combining the 2nd & 3rd floors into a large, 2-story, 4/2 unit & re-zoning as a DX.

area rent:
-Market: $2,525 ($775+$1,150+$600)

-Sxn. 8 about the same: w/tenants paying utilities: $2,465; if you pay: $2,778

All 3 furnaces & hot water tanks WORKED last time checked;Β H2O tanks are actually rather young (<5 y/o). Also has some [STAINLESS] appliances, cabinets, *maybe* even a microwave, +other components of the dwelling for reuseΒ  .. things might be dirty as h*ll but likely to strike on a usable gem or 5.

 

Needs:

  • Roof
  • About everything inside
    • Kitchen/bath remodels
    • Drywall work/paint
    • CleanOut/handywork
    • Flooring
    • Some doors
Does * NOT* need:

  • Structural work πŸ‘
  • Furnaces πŸ‘
  • H2O tanks πŸ‘
  • Great public trans πŸ‘
  • Proximities πŸ‘
  • Major exterior/brickwork πŸ‘
  • Much work on 1 unit πŸ‘


Oh & despite photographing well, the ext. wooden steps will likely fall apart; will need tightened-up.

Somewhat private/set back (check the StreetView), yet 4 miles from the center of Downtown Pittsburgh.
Sheraden location speaks for itself; this property is even ~50% walkable.


Bonuses: certainly salvageable OG hardwood, built-ins, some doors; HiGh ceilings; covered+uncovered exterior spaces & yard; kitchen(s) support dishwashers, LL unit is still decent-ish (peep those cabinets & sweet side-by-side), & structure overall in fine shape.


zillow.com/pittsburgh-pa-15204/home-values


  • Taxes: $1,448
  • Electric: Updated
  • Plumbing: Updated
  • Kitchen: (All) Needs Updating
  • Bath: (All) Needs Updating
  • Roof: Needs a new one
  • Furnace: 10-20 yrs old (all); functioning
  • Hot Water Tank: 5 yrs old (all); functioning
  • Windows: Double-paned; older
  • (1) 3 BR / 1 BA; (2) 1 BR / 1 BA
  • Floors: 2.5
  • Parking: 2-car parking pad
  • Rental Potential: $2,525/mo TOTAL
Price:
$43,000
Address:
3028 Huxley St
Sheraden, PA 15204
Square Feet:
2,236
Lot Size:
10,000
Bedrooms:
5
Bathrooms:
3
Terms:
For Sale
Property Type:
Triplex
Year Built:
1915
Basement:
Full; walk-out w/laundry
Const. Type:
Insulated brick

Call (800) 788-9882 for more details

Property Location